Cost estimate of Employment Insurance Board of Appeal

Bills C-37 and C-47 propose the establishment of the Employment Insurance Board of Appeal (BOA) which will replace the Social Security Tribunal General Division – Employment Insurance (SST – EI). The total net cost between 2023-24 to 2027-28 is estimated to be $132 million. The necessary funding is expected to be covered by the Employment Insurance Operating Account (EIOA) and the cost to be recuperated by increasing Employment Insurance (EI) premiums by less than 1 cent.